ECLM.DE vs. PSWD.DE
ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - ECLM.DE tracks the iClima Global Decarbonisation Enablers while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 5 years, ECLM.DE returned -0.34%/yr vs 13.34%/yr for PSWD.DE. A 0.73 correlation means they provide meaningful diversification when combined. ECLM.DE charges 0.65%/yr vs 0.39%/yr for PSWD.DE.
Performance
ECLM.DE vs. PSWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECLM.DE achieves a 18.15% return, which is significantly higher than PSWD.DE's 16.46% return.
ECLM.DE
- 1D
- -1.47%
- 1M
- 5.70%
- YTD
- 18.15%
- 6M
- 17.28%
- 1Y
- 37.06%
- 3Y*
- 4.30%
- 5Y*
- -0.34%
- 10Y*
- —
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
ECLM.DE vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 18.15% | 12.83% | -11.47% | 1.02% | -23.37% | 14.89% | 7.80% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | 0.38% |
Correlation
The correlation between ECLM.DE and PSWD.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.73 |
The correlation between ECLM.DE and PSWD.DE has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
ECLM.DE vs. PSWD.DE — Risk / Return Rank
ECLM.DE
PSWD.DE
ECLM.DE vs. PSWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ECLM.DE | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.58 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 5.56 | -3.69 |
| Martin ratioReturn relative to average drawdown | 3.63 | 22.39 | -18.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECLM.DE | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 3.10 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 1.00 | -1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.68 | -0.58 |
Drawdowns
ECLM.DE vs. PSWD.DE - Drawdown Comparison
The maximum ECLM.DE drawdown since its inception was -49.88%, which is greater than PSWD.DE's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for ECLM.DE and PSWD.DE.
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Drawdown Indicators
| ECLM.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.88% | -36.39% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -5.89% | -13.88% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -18.19% | -17.98% |
Max Drawdown (5Y)Largest decline over 5 years | -49.88% | -18.19% | -31.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.39% | — |
Current DrawdownCurrent decline from peak | -16.23% | -0.31% | -15.92% |
Average DrawdownAverage peak-to-trough decline | -24.19% | -4.65% | -19.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | 1.46% | +8.73% |
Volatility
ECLM.DE vs. PSWD.DE - Volatility Comparison
HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) has a higher volatility of 6.50% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) at 3.08%. This indicates that ECLM.DE's price experiences larger fluctuations and is considered to be riskier than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECLM.DE | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 3.08% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 7.86% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.64% | 10.54% | +18.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.04% | 13.16% | +9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 15.19% | +8.16% |
ECLM.DE vs. PSWD.DE - Expense Ratio Comparison
ECLM.DE has a 0.65% expense ratio, which is higher than PSWD.DE's 0.39% expense ratio.
Dividends
ECLM.DE vs. PSWD.DE - Dividend Comparison
ECLM.DE has not paid dividends to shareholders, while PSWD.DE's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
ECLM.DE and PSWD.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSWD.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE is cheaper with a 0.39% expense ratio, compared with 0.65% for ECLM.DE.
ECLM.DE tracks iClima Global Decarbonisation Enablers, while PSWD.DE tracks FTSE RAFI All-World 3000. They also come from different issuers: HANetf and Invesco. Their fees differ too: 0.65% for ECLM.DE and 0.39% for PSWD.DE.
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